Edward Shepherd Associates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11226543 (England and Wales)

Financial Statements

for the Year Ended 29 February 2020

for

EDWARD SHEPHERD ASSOCIATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTOR:

E Shepherd

REGISTERED OFFICE:

3 Fallow Corner Drove

Manea

March

PE15 0LT

REGISTERED NUMBER:

11226543 (England and Wales)

ACCOUNTANTS:

Robson Downing

49 Grampian Way

Oulton

Lowestoft

Suffolk

NR32 3EP

FIXED ASSETS

Tangible assets

4

23,851

-

CURRENT ASSETS

Cash at bank

-

10,844

CREDITORS

Amounts falling due within one year

5

14,870

10,435

NET CURRENT (LIABILITIES)/ASSETS

(14,870

)

409

TOTAL ASSETS LESS CURRENT LIABILITIES

8,981

409

CREDITORS

Amounts falling due after more than one year

6

14,110

-

NET (LIABILITIES)/ASSETS

(5,129

)

409

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(5,130

)

408

(5,129

)

409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2020 and were signed by:

E Shepherd - Director

1.	STATUTORY INFORMATION

Edward Shepherd Associates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

Additions

8,349

16,600

4,575

29,524

At 29 February 2020

8,349

16,600

4,575

29,524

DEPRECIATION

Charge for year

-

4,150

1,523

5,673

At 29 February 2020

-

4,150

1,523

5,673

NET BOOK VALUE

At 29 February 2020

8,349

12,450

3,052

23,851

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Bank loans and overdrafts

3,231

-

Trade creditors

1,082

-

Taxation and social security

9,395

9,240

Other creditors

1,162

1,195

14,870

10,435

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.2.20

28.2.19

£

£

Other creditors

14,110

-

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2020 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Robson Downing

49 Grampian Way

Oulton

Lowestoft

Suffolk

NR32 3EP

17 November 2020